Tesla Shares Plummet Post-Peak

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Ark Invest

The Motley Fool

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One of Tesla's biggest investors is betting on the company's AI upside. Here's what she says

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71% Informative

Cathie Wood , who manages billions of dollars for Ark Investment Management , is buying Tesla stock hand over fist for her firm's exchange-traded funds (ETFs) Since the end of 2023 , Ark 's total Tesla position has grown from 3.8 million shares to 5.3 million .

Wood has won big on Tesla before Wood founded Ark Invest in 2014 .

Ark updated its long-term Tesla forecast this year pegging its expected value in 2029 at $ 2,600 per share.

The Motley Fool Stock Advisor analyst team identified what they believe are the 10 best stocks for investors to buy now.

Consider when Nvidia made this list on April 15, 2005 ... if you invested $ 1,000 at the time of our recommendation, you’d have $ 717,050 ! The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002

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